News about the NFC market in China — trials, pilots, tests and live services.
January 23rd, 2017
Customers of China Merchants Bank will be able to withdraw cash using face recognition technology installed in all of the bank’s ATMs in Shanghai by the end of 2017, South China Morning Post reports. “We have launched face recognition at our ATMs for cash withdrawal to grant clients more options,” the bank’s Zhu Sihua told the publication. The bank operates nearly 1,000 ATMs in 106 cities.
January 3rd, 2017
Fast food chain KFC and Chinese internet giant Baidu have opened a smart restaurant in Beijing’s Financial Street that uses facial recognition to make menu suggestions to new customers based on their gender, age and…
December 21st, 2016
Apple has added 14 banks and credit unions to its list of financial institutions in China supporting Apple Pay, and a further 30 in the US. With the additions “Apple currently lists a total of 58 banks and credit unions in mainland China offering the service to customers,” 9to5mac reports.
December 20th, 2016
PARTNER NEWS: Smartphone maker Huawei is to begin rolling out NFC mobile payments for public transport in Shanghai, Shenzhen, Guangzhou and Beijing through Huawei Pay, which launched in China in September 2016. The company is…
December 12th, 2016
Customers at about 2,500 Starbucks locations across mainland China can now make mobile payments using Chinese internet giant Tencent’s WeChat Pay mobile payments platform by scanning a QR code at the point of sale. The…
November 23rd, 2016
Retail giant Muji is to accept Alipay mobile payments in nearly 200 stores in mainland China. “At the same time, the two parties will connect their membership systems,” China Tech News reports. “Once consumers complete payments with Alipay in Muji stores, they can gain Muji’s membership card and realise automatic points accumulation.”
November 16th, 2016
Apple has updated its list of Apple Pay-supporting financial institutions in Australia, China, Russia and the US. “The additions include nine new banks and credit unions in China, four in Russia and over 30 in Australia,” 9to5mac reports. “Apple has added 28 new banks and credit unions in the US, too.” Apple gained the support of the Australian banks through a deal with banking services provider Cuscal earlier this month.
November 11th, 2016
China is leading the US when it comes to mobile commerce, with nearly twice as many Chinese consumers making a mobile purchase over the previous 12 months than their American counterparts, a study by the…
November 10th, 2016
PayPal has enabled money transfers via Apple’s Siri voice command function, enabling users with iOS10 devices to make payments by speaking requests. The function will be available in 30 countries. “PayPal users can now send…
November 4th, 2016
Half of banking customers around the world are using the products or services of at least one fintech firm, according to the first World FinTech Report (WFTR) from Capgemini and LinkedIn, but customer trust in…
October 28th, 2016
The number of mobile payments made in China have grown 10% year on year since 2013, according to the People’s Bank of China (PBoC). Its data shows that, during the second quarter of 2016, banks handled 32.32bn electronic payment transactions worth 570.95tn yuan (US$84.2tn), including 6.14bn mobile payment transactions worth 29.32tn yuan (US$900bn). Meanwhile non-bank payment institutions handled 37.71bn online payment transactions worth 23.35tn yuan (US$3.4tn), up 111% year on year.
October 25th, 2016
Chinese mobile payments giant Alipay is targeting 2bn users globally in the next decade, the company’s Douglas Feagin has revealed at Money20/20 in Las Vegas. “Our goal is to expand our business from 450m users in China to over 2bn worldwide over the next decade,” Feagin says. “We want to achieve over one million merchants outside of China over the next several years.” Alipay is expanding its presence in US and European retail stores via a deal with POS maker Verifone. A similar deal with First Data has also been unveiled, allowing Chinese consumers to shop at select locations in California and New York from next month.
October 24th, 2016
Chinese mobile payments giant Alipay is expanding its presence in US and European retail stores via a deal with POS maker Verifone. The move will see the Alipay App available on Verifone e355 mobile point-of-sale terminals so that retailers equipped with the mPOS device can accept mobile payments from Chinese Alipay users. “The goal is to enable our customers to walk into a store while traveling abroad and pay for purchases with the Alipay App — just like they do here in China,” says Douglas Feagin, SVP of Ant Financial Services Group and Head of Alipay International.
October 18th, 2016
PARTNER NEWS: Digital security giant Gemalto is to provide connectivity and security to Alibaba’s YunOS internet of things (IoT) operating system which is “widely integrated” into mobile devices, and chips and sensors in connected cars and…
October 13th, 2016
Chinese visitors to the UK can now use Alipay at any retailer accepting mobile payments platform Zapper. “This partnership will allow over 250,000 Chinese tourists in the UK to pay using the Alipay app in over 1,000 locations nationwide,” Zapper says. “With Zapper’s smart QR technology enabled to take payments from the Alipay app, 11.7m Chinese tourists visiting Europe each year will be able to conveniently pay using Alipay at any venue also accepting Zapper.”
October 12th, 2016
PARTNER NEWS: Activation rates for the NFC mobile transit solution introduced by NXP and handset manufacturer Xiaomi in China have grown more than 15% in Shanghai and over 20% in Shenzhen since services on the Mi…
September 20th, 2016
Commuters in Beijing can now use Lenovo X3 smartphones to make NFC mobile payments across public transportation services. The option has been launched by the handset maker in collaboration with Oberthur Technologies (OT) and transportation…
September 1st, 2016
Chinese handset maker Xiaomi has launched its Mi Pay NFC-based mobile payments service in its domestic market.
September 1st, 2016
Handset maker Huawei has announced the launch of its Huawei Pay NFC-based mobile payment service in China, in collaboration with bankcard association China UnionPay and support from 25 of the country’s banks. The service makes use…
August 31st, 2016
Chinese handset maker Xiaomi will launch its Mi Pay NFC-based mobile payment service on 1 September, in collaboration with bankcard association China UnionPay. “It can be linked to credit cards and debit cards from 10 banks,” China Daily reports. “With Mi Pay, consumers can also use smartphones as transportation cards.” Xiaomi unveiled Mi Pay earlier this month, after reports emerged in April that the company was working with China UnionPay.